← May 8, 2026 briefing
US and Iran Exchange Fire at Strait of Hormuz
World

US and Iran Exchange Fire at Strait of Hormuz

The US and Iran have traded strikes in the most serious breach yet of their month-long ceasefire, with American forces targeting Iranian military facilities after Iran attacked three US Navy destroyers transiting the Strait of Hormuz. Trump insists the ceasefire remains technically in effect, Iran's state TV says the situation is 'back to normal,' and both sides are performing the diplomatic equivalent of 'I started it' — 'no, you started it.' The exchange unfolded Thursday as US Central Command confirmed intercepting multiple Iranian attacks on Navy ships.

MarketUS x Iran permanent peace deal by...?
US x Iran permanent peace deal by June 30, 2026?54% chance
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